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Article: united states : Bankers Petroleum announces third quarter financial and operational results and provides Kucova reserves and budget updates.
- Article from:
- TendersInfo
- Article date:
- November 15, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) achieved record production and net income and significantly improved its revenues and funds from operations during the period ended September 30, 2008:
- Average production was 5,880 bopd compared to 4,753 bopd for the same
period in 2007 an increase of 24%. Production at the end of
September 2008 was approximately 6,200 bopd and current production
exceeds 6,600 bopd.
- Net income was $4.9 million ($0.026 per share) during the quarter,